1153 Bedford Lofts LLC Acquires Property From Ade Azaria For $1.65M In Brooklyn
1153 Bedford Ave, Brooklyn, NY, 11216
$1,650,000
$687/SF
Building Size
2,400 SF
Asset Type
Retail
Closing
Nov 20, 2023
About this deal
AI
The property involved in this transaction is located at 1153 Bedford Ave, Brooklyn, NY, 11216. It has a total square footage of 2,400 and was sold for $1,650,000.00 within the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $1,650,000.00
- Address: 1153 Bedford Ave, Brooklyn, NY, 11216
- Market: Brooklyn
- Square Footage: 2,400
- Seller: Ade Azaria
- Buyer: 1153 Bedford Lofts LLC
- Seller's Representative: Jacob Tzfanya - CBRE
The transaction was facilitated by Jacob Tzfanya, who represented the seller, Ade Azaria, in this deal. The buyer, 1153 Bedford Lofts LLC, completed the purchase in the outlined market area.
On the Map
$1,650,000
$687/SF
Retail
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Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93